Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Trims Stock Position in Hecla Mining Company (NYSE:HL)

Key Points

• Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. significantly reduced its holdings in Hecla Mining Company by 54.2%, now owning 37,700 shares valued at $210,000.
• Hecla Mining reported a Q1 EPS of $0.04, missing estimates and achieving a 37.9% year-over-year revenue increase to $261.34 million.
• Analysts maintain an average rating of "Hold" for Hecla Mining, with target prices ranging from $5.50 to $8.00.

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. trimmed its position in shares of Hecla Mining Company (NYSE:HL - Free Report) by 54.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,700 shares of the basic materials company's stock after selling 44,600 shares during the quarter. Hecla Mining accounts for approximately 0.9% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 18th largest position. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s holdings in Hecla Mining were worth $210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Hecla Mining by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 61,393,040 shares of the basic materials company's stock valued at $301,440,000 after purchasing an additional 774,000 shares during the period. Tidal Investments LLC boosted its stake in shares of Hecla Mining by 100.5% during the fourth quarter. Tidal Investments LLC now owns 15,885,647 shares of the basic materials company's stock valued at $77,999,000 after purchasing an additional 7,960,826 shares during the period. Geode Capital Management LLC boosted its stake in shares of Hecla Mining by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 13,904,662 shares of the basic materials company's stock valued at $68,289,000 after purchasing an additional 39,421 shares during the period. Northern Trust Corp boosted its stake in shares of Hecla Mining by 5.0% during the fourth quarter. Northern Trust Corp now owns 6,098,558 shares of the basic materials company's stock valued at $29,944,000 after purchasing an additional 289,865 shares during the period. Finally, Marshall Wace LLP boosted its stake in shares of Hecla Mining by 182.4% during the fourth quarter. Marshall Wace LLP now owns 5,006,115 shares of the basic materials company's stock valued at $24,580,000 after purchasing an additional 3,233,116 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Hecla Mining Stock Up 1.9%

Shares of Hecla Mining stock traded up $0.12 on Tuesday, reaching $6.09. 10,891,138 shares of the company were exchanged, compared to its average volume of 20,679,350. Hecla Mining Company has a 1-year low of $4.46 and a 1-year high of $7.68. The company has a market cap of $3.85 billion, a P/E ratio of 55.32 and a beta of 1.27. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 0.75. The stock's 50 day moving average price is $5.93 and its 200-day moving average price is $5.63.

Analysts Set New Price Targets

Several research firms recently weighed in on HL. CIBC lifted their price objective on Hecla Mining from $7.50 to $8.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Roth Capital reiterated a "neutral" rating and issued a $6.00 target price on shares of Hecla Mining in a report on Tuesday, July 1st. National Bankshares set a $7.00 target price on shares of Hecla Mining in a report on Friday, June 13th. TD Securities cut their price objective on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Finally, BMO Capital Markets restated a "market perform" rating and set a $5.50 price objective (down previously from $7.50) on shares of Hecla Mining in a report on Monday, May 5th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $7.07.

Insider Activity at Hecla Mining

In other Hecla Mining news, Director Catherine J. Boggs acquired 20,000 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average price of $4.99 per share, with a total value of $99,800.00. Following the completion of the acquisition, the director directly owned 348,169 shares of the company's stock, valued at approximately $1,737,363.31. The trade was a 6.09% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Stuart Maurice Absolom sold 18,926 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $6.66, for a total value of $126,047.16. Following the transaction, the vice president directly owned 59,410 shares in the company, valued at $395,670.60. This represents a 24.16% decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.